Monday, 6 July 2015
Last updated 5 hours ago
Jul 28 2006 | 4:49pm ET
The California Public Employees' Retirement System, the largest public pension fund in the U.S., rode a surge in its real estate portfolio to return 12.3% in the fiscal year ended June 30. The fund's 38.4% return on office, retail, apartment and industrial real-estate investments, and its 36.5% return on California housing, land and urban real estate nearly doubled the performance of CalPERS' real-estate benchmark, which returned 20.2%.
Among other alternative investments, CalPERS' venture capital and private equity portfolio rose 19.2%, edging its benchmark, which was up 18.6%. The fund's hedge fund portfolio also rose by double digits, up 11.2%. While the 12.3% return was well ahead of CalPERS' 8% target return, it lagged the Russell 2000 Index, which rose 12.6% during the period.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…